Dbs Bank

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Dbs Bank - Total results - 31
Laxmi Vilas Bank, DBIL merger effective from 27 Nov, says RBI after Cabinet nod
Business

Laxmi Vilas Bank, DBIL merger effective from 27 Nov, says RBI after Cabinet nod

The moratorium imposed on the crisis-ridden lender will be removed on Friday and depositors of LVB will be able to operate their accounts as customers of DBS Bank India from that day, said the Central bank

Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000; RBI proposes merger with DBS Bank
India

Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000; RBI proposes merger with DBS Bank

TN Manoharan, former non-executive chairman of Canara Bank, has been appointed as the administrator of the bank

Stimulus package impact: Fiscal deficit of Centre, states likely to be at 12% of GDP, says DBS Bank
Business

Stimulus package impact: Fiscal deficit of Centre, states likely to be at 12% of GDP, says DBS Bank

The combined fiscal deficit of the Centre and states will top 12 percent of the GDP because of the recent economy-boosting measures, and higher borrowings by States to meet COVID-19 exigencies, says a report

Fresh support of only Rs 12-13 lakh cr in PM Narendra Modi's economic stimulus package: Report
Business

Fresh support of only Rs 12-13 lakh cr in PM Narendra Modi's economic stimulus package: Report

Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against coronavirus disruptions, fresh support may be only around 60 percent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden bond market, says a report

Indian economy benefited from 'favourable external environment' in 2019: Singapore's DBS Bank
Business

Indian economy benefited from 'favourable external environment' in 2019: Singapore's DBS Bank

The Indian economy benefited from "favourable external environment" in 2019, following which portfolio inflows into equity and debt touched a multi-year high, and if this momentum is sustained it will bode well for the country's external balance, a report said on Friday

India's economic growth likely to slow further in second half of 2019 on weakness in consumption sector: DBS
Business

India's economic growth likely to slow further in second half of 2019 on weakness in consumption sector: DBS

Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity.

Ruchi Soya insolvency: NCLAT rejects DBS Bank's plea challenging distribution of funds
Business

Ruchi Soya insolvency: NCLAT rejects DBS Bank's plea challenging distribution of funds

The National Company Law Appellate Tribunal(NCLAT) has dismissed the plea of Singapore-based DBS Bank, a dissenting financial creditor of Ruchi Soya, challenging the distribution of proceeds from the bid submitted by Patanjali Ayurved

Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process
Business

Patanjali to infuse Rs 3,438 cr in Ruchi Soya to settle creditors' dues, monitoring panel to oversee process

Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt.

DBS revises India GDP forecast for FY20 down to 6.8% citing headwinds for exports
Business

DBS revises India GDP forecast for FY20 down to 6.8% citing headwinds for exports

DBS Bank has revised India's GDP growth for the fiscal year 2020 downwards to 6.8 percent year-on-year (YoY) from 7 percent projected earlier, citing headwinds for exports amidst challenging trade outlook

Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm
Business

Ruchi Soya insolvency: Patanjali Ayurved gets time till 7 May to file detailed resolution plan for edible oil firm

Ruchi Soya owes Rs 9,345 crore to the lenders led by SBI who Tuesday agreed, with around 96 percent vote, to go with the second revised bid by the company promoted by Baba Ramdev

Ruchi Soya insolvency: Baba Ramdev's Patanjali bags edible oil firm as lenders approve Rs 4,325 crore bid
India

Ruchi Soya insolvency: Baba Ramdev's Patanjali bags edible oil firm as lenders approve Rs 4,325 crore bid

Patanjali acquired Ruchi Soya Industries in an insolvency auction started by lenders to recover over Rs 9,300 crore loans

India grabs most of foreign inflows into Asian equities in March on optimism over upcoming general election
Business

India grabs most of foreign inflows into Asian equities in March on optimism over upcoming general election

Overseas investors bought $4.96 billion worth of Asian shares in March, data from stock exchanges in South Korea, Taiwan, India, Thailand, the Philippines, Indonesian and Vietnam showed.

Bullish bets on Indian rupee rise ahead of general election; yuan longs recede on concerns over slowing domestic demand: Poll
Business

Bullish bets on Indian rupee rise ahead of general election; yuan longs recede on concerns over slowing domestic demand: Poll

Investors piled on long rupee bets in a return to bullishness earlier this month after a year, the poll of 12 respondents showed.

Baba Ramdev's Patanjali Ayurved raises bid value to Rs 4,350 crore to take over bankruptcy-bound Ruchi Soya
Business

Baba Ramdev's Patanjali Ayurved raises bid value to Rs 4,350 crore to take over bankruptcy-bound Ruchi Soya

Adani Wilmar, which emerged as the highest bidder in August last year after a long drawn battle with Patanjali, has withdrawn from the race

Inflation in December likely hit lowest since June 2017 as fuel prices rise at a slower pace: Poll
Business

Inflation in December likely hit lowest since June 2017 as fuel prices rise at a slower pace: Poll

Inflation likely cooled to 2.20 percent in December - close to the lower end of the Reserve Bank of India’s medium-term target range

Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firm
Business

Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firm

Adani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya.

Strong US dollar, risk-off trades expected to further weigh on Indian rupee: DBS report
Business

Strong US dollar, risk-off trades expected to further weigh on Indian rupee: DBS report

Inflationary risks have receded for the short-term helped by base effects and seasonal factors, but rupee direction and oil are risks for inflationary expectations.

Adani Wilmer secures Rs 4,000 credit line from Standard Chartered, DBS Bank for Ruchi Soya acquisition
Business

Adani Wilmer secures Rs 4,000 credit line from Standard Chartered, DBS Bank for Ruchi Soya acquisition

Patanjali, which was declared as the second-highest bidder (H2), did not submit a revised bid to match or better the highest offer, tabled by Adani Wilmar

Gujarat, Himachal Pradesh elections litmus test for Narendra Modi govt after reforms: DBS Bank
Business

Gujarat, Himachal Pradesh elections litmus test for Narendra Modi govt after reforms: DBS Bank

Himachal Pradesh will go to polls on 9 November while elections in Gujarat will be held in two phases -- on 9 and 14 December

Gujarat, Himachal Pradesh Assembly Election litmus test for Narendra Modi govt after reforms, says DBS Bank
India

Gujarat, Himachal Pradesh Assembly Election litmus test for Narendra Modi govt after reforms, says DBS Bank

The ruling BJP is "wary" in Gujarat because of the slow-down in growth, impact of GST roll-out on small traders and caste rifts, DBS Bank said in a note